Section 224.81. Limitation on actions for commissions and other compensation.

Latest version.

A person who is engaged in the business or acting in the capacity of a mortgage banker, mortgage loan originator, or mortgage broker in this state may not bring or maintain an action in this state to collect a commission, money, or other thing of value for performing an act as a mortgage banker, mortgage loan originator, or mortgage broker without alleging and proving that the person was licensed under this subchapter as a mortgage banker, mortgage loan originator, or mortgage broker when the alleged cause of action arose.

1987 a. 359 ; 1987 a. 403 s. 182 ; Stats. 1987 s. 440.81; 1995 a. 27 s. 6603 ; Stats. 1995 s. 224.81; 1997 a. 145 ; 2009 a. 2 .

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');